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Polish-held cosmetics retailer Inglot is focusing on its online operations in Romania and will reconsider this market for resuming offline expansion with its own stores no sooner than a year.
Cement manufacturer Romcim (the former CRH Ciment) registered higher revenue and operating profit in Romania, in the first half of 2021, compared with the same period in 2020.
Renault Technologie Roumanie will oversee the implementation of the Duster-3 project, its most complex so far, considering the shift to the new CMF-B platform and its sale in Europe, as well as Russia, Africa and South America.
One United Properties (ONE.RO), one of the most active real estate developers of residential, office and mixed-use projects in capital Bucharest, will distribute dividends in the amount of RON32.5 million, as well as free shares, based on the measures approved by the company’s shareholders at their general meeting of September 10.
Romanian construction materials producer Soceram Campina has started production at a new autoclaved cellular concrete (ACC) factory, located in Cordun locality (Neamt County), per data on the company’s website.
TeraPlast Group concluded an agreement with Brikston Construction Solutions to take over the polyethylene film production from the manufacturer in Sighisoara.
CTP, the largest developer and manager of Class A logistics and industrial space in Romania, with over 1,850.000 square meters of lettable area, has acquired approximately 112,000 sqm of industrial space from Zacaria Industrial.
Agricultural company Agroland Agribusiness (AAB.RO), part of Agroland Group, on Friday said its turnover grew 33.4% on the year to RON13.3 million in the first half of 2021, and its net profit surged 142% on the year to RON795,116.
The European Bank for Reconstruction and Development (EBRD) and financial and insurance group Eurohold Bulgaria, the owner of Euroins Insurance Group AD (EIG), have signed an agreement whereby the EBRD acquires a minority stake in EIG, the holding company consolidating Еurohold's insurance operations.
Romania held a total stock of modern industrial and logistics spaces of 5.3 million square meters at end-2020, and developers have pledged over 800,000 square metres of new warehouses in 2021, which should drive the overall stock to 6 million square metres.
Greek OTE Group announced that it finalized the acquisition of a 30% ownership stake in Telekom Romania Mobile Communications (TKRM), the former mobile telephony provider Cosmote Romania.
In 2020, Romania’s tractor fleet was made up of 232,654 physical units, higher by 5% from 2019 and by 12% from five years ago, in line with ZF calculations based on data from the country's statistics institute INS.
Net investments in the Romanian economy grew 10.6% in the first half of 2021 compared with the same period in 2020, to RON48.513 billion, data from the country's statistics board showed Friday.
US giant Whirlpool, a major player on the global electrical home appliances market, does not plan to open a plant in Romania, where it holds only import and distribution operations, but bets on a sales increase.
The average net salary in Romania inched up 0.1% in nominal terms in July 2021 compared with June 2021, to 3,545 lei (around EUR716), data from the country's statistics board showed Friday.
Parcel delivery platform Coletaria.ro, part of Czech group Packeta, wants to reach a network of around 600 pick-up points in Romania by yearend, from over 300 at present as the e-commerce boom will make Romanians resort more frequently to such parcel delivery options, explained Alekandr Jeleascov, Coletaria.ro CEO.
Romania's annual inflation rate kept its upward trend in August 2021, growing to 5.3%, higher than 5% in July 2021 and 3.94% in June 2021, data from the country's statistics board showed Friday.
German-held cement producer HeidelbergCement, owning three plants in Romania, registered slightly lower revenues in the first half of 2021 against the same period of 2020 from sales of cement, concrete and aggregates, shows the group’s latest financial report.
Maribo Prodcarn, producer of cold cuts Marisan, owned by Anghel family, doubled its profit in 2020, to over RON1.7 million (EUR365,000) from a net gain of over RON798,000 (EUR168,000) in 2019, in line with public data.
Tea producer Kalpo SRL in Buzau ended 2020 with almost RON10 million revenue, an increase of 11% year-on-year, Finance Ministry data show.19702 items